Uveitis Treatment Market Overview
Uveitis Treatment Market is slated to cross USD 764.5 Million by 2025 at a CAGR of 5.6%.
As the number of instances of infectious diseases rises, so does the prevalence of uveitis caused by infectious agents. The majority of cases occur in poorer countries. The market has grown rapidly as R&D activities in the field of ophthalmology have increased. A growing number of clinical trials for the treatment of eye inflammation are being done around the world. A considerable number of new phase III clinical trials for refractory posterior or intermediate uveitis are currently being developed. For example, a phase III experiment is being conducted to see if mycophenolate mofetil and methotrexate are effective as a conventional corticosteroid treatment for noninfectious posterior, intermediate, and panuveitis cases. Another important element that has led to successful treatment of eye inflammation problem is increased R&D activity for biological therapies. These factors are projected to increase demand for such drugs, resulting in market expansion.
Furthermore, the introduction of revolutionary biologics, are propelling the industry forward. New uveitis treatments, like as corticosteroids and anti-inflammatory medications, are already gaining momentum on the market. Other factors boosting the market include quick approvals of medications in the pipeline and innovative routes of medication administration that improve the efficacy of the drug.
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While there are numerous drivers for the industry, there are a few limitations that may stifle expansion. Some of these are pharmaceutical prices that are too high, as well as pharmaceutical side effects including watery eyes and discomfort. Lack of information regarding eye problems, substandard basic healthcare facilities, and a lack of health insurance are all reported to be impeding the market in developing and impoverished countries.
The global market for uveitis therapy has been divided into three categories: type, drug class, and end-user.
The market has been classified into anterior uveitis, intermediate uveitis, posterior uveitis, and others based on the kind of uveitis. In the worldwide uveitis treatment market, anterior uveitis is expected to have the largest market share.
The global uveitis treatment market has been divided into corticosteroid medications, anti-inflammatory medications, immunosuppressive medications, and other drug classes depending on medication class. Because of the increased preference in the treatment of uveitis, the corticosteroids medicines category is expected to hold the greatest share of the market.
Hospitals, specialist clinics, and others are among the market’s end-user segments. As these are the principal venues where patients receive treatment, the hospital sector is likely to hold the greatest share of the market.
In 2018, the Americas had the largest regional market. The United States has about 7,200 operating hospitals and a thriving healthcare industry. This helps to fuel growth in the region’s uveitis treatment industry. Because of the increased prevalence of noninfectious uveitis in the United States, North America dominated the market. Furthermore, excellent healthcare facilities and attractive reimbursement rules are credited with driving regional development. In the United States, a great number of medications are commercially available, which is driving up demand. Furthermore, as the incidence of uveitis rises in the United States, the market is expected to expand. In the United States, the annual rate of uveitis ranges from 26.6 to 102 per 100,000 persons. Furthermore, uveitis is responsible for roughly 2.8 percent of blindness cases in the United States.
Due to the increased prevalence of uveitis in the European region, increased R&D initiatives, and rising healthcare expenditure in the region, there is a strong need for uveitis therapy in this region. A crucial aspect driving regional growth is the growing number of elderly people. Germany, in particular, has experienced tremendous expansion as a result of an aging population and a high prevalence of eye illnesses.
The Asia-Pacific region is the uveitis treatment market’s fastest-growing region. It is home to the world’s greatest population and a burgeoning healthcare industry. Growing understanding of the numerous treatment options has also resulted in rapid regional expansion. The rising incidence of uveitis and related illnesses, the growing elderly population, and increased investments in research and development by drug manufacturing businesses for creating new treatments such as corticosteroids are all contributing to the regional market’s growth.
Due to low per capita disposable incomes and limited development of healthcare facilities, MEA is expected to have the smallest proportion of the worldwide market.
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Novartis AG (Switzerland), Allergan PLC (Ireland), Bausch Health (Canada), AbbVie Inc. (US), EyePoint Pharmaceuticals, Inc. (US), Horizon Therapeutics Plc (Ireland), Alimera Sciences (US), and Mylan NV (US), are some of the major players operating in the uveitis treatment market.
Table Of Contents
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.2. Scope Of The Study
2.2.1. Research Objective
3. RESEARCH METHODOLOGY
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. MARKET DYNAMICS
5. MARKET FACTOR ANALYSIS
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